Wage Calculator – Convert Salary To Hourly Pay

This wage calculator converts any salary into hourly pay. Plus, it will also factor in your job costs such as commuting and other work related expenses to figure real hourly pay when all costs are included.

Make sure to factor in holidays, insurance, and other benefits that often go with salaried jobs to develop a complete picture of your true hourly rate. Also note: this calculator uses take home pay thus calculating after tax pay rate. If you prefer, you can enter pre-tax wages in the first field to calculate pre-tax hourly pay.

If this free calculator helped you then please give a like, tweet, or +1. Thanks for helping out.

Take Home Wage

Help/Instruct

Take Home Salary Per Pay Period:

How Many Pay Periods Per Year:

Calculate Total Hours On Work Related Tasks

Help/Instruct

How Many Workdays Per Pay Period?

How Many Paid Hours Per Workday:

Minutes Of Unpaid Breaks Per Workday:

Minutes Commuting Per Day:

Minutes Preparing For Work Each Day:

Unreimbursed Work
Expenses

Help/Instruct

Miles Driven Per Day For Work:

Other Work Travel Costs Per Day:

Daycare Costs Per Pay Period:

Dining Out Expense Per Day:

Unreimbursed Work-Related Clothing Costs Per Month:

Union Dues Per Pay Period:

Office Gifts Per Month:

See below for more details.

Results

Help/Instruct

Monthly Take Home Pay:

Monthly Unpaid Work-Related Expenses:

Monthly Net Salary:

Total Monthly Work Hours:

Real Hourly Pay:

The Life Energy Cost To Buy Anything

Help/Instruct

Enter The Price Of The Item:

Work-hours Spent To Buy Item:

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Convert Your Salary To Hourly Pay

Figuring out how to compare job offers can be challenging.

There are so many factors involved in the decision.

One offer could be salary and another hourly. One includes comprehensive benefits and another offers no benefits.

The purpose of this Wage Calculator is to convert salary to an hourly paycheck while factoring in all benefits and other related costs.

This makes the math easy so you can compare apples to apples and know which employer is making the best offer.

Evaluating An Offer

Ultimately, the formula for comparing job offers is relatively simple. An employer takes your time, and you receive compensation in exchange.

Therefore, regardless of your compensation package, you’ll want to sum up all forms of compensation you receive, subtract all costs associated with earning that compensation, and then divide the entire result by the total hours spent to earn that compensation.

In short, everything should be added up and converted to an hourly paycheck (your time) so all offers can be considered equally.

It’s the first mistake most people make when comparing job offers: they don’t reduce the whole process to hourly compensation for easy comparison.

That’s why this handy wage calculator converts all salary and benefit numbers to a single hourly number – it makes comparisons between job offers easy.

Economic Factors To Consider

The second biggest mistake most people make when evaluating job offers is failing to consider your entire compensation package.

For example, it’s not just how much you earn, but what lifestyle it will buy based on cost of living comparisons for different job locations. A generous salary for Kansas City might be barely livable in New York or San Francisco.

The value of benefits packages can vary hugely from one job to another, and will have different values to you based on your age and marital status.

If you’re switching jobs make sure to amortize relocation expenses into your analysis.

How many hours do you expect to work? Some workaholic environments might pay well, but when you factor in the 60-80 hours weeks expected it can make that same compensation not look so great.

What other costs are involved, and what will be paid for by your employer? Add it all up.

Make sure to calculate long-term financial impacts, commuting costs, and health or childcare benefits. Also include work related expenses that are not paid by the company.

You may also include in the calculator other things such as vacation time, moving expense reimbursement, paid personal days, etc. Try to get everything in there so the calculation is complete.

Finally, make sure to include the intangibles such as the actual workspace, travel responsibilities, schedule flexibility and staff friendliness.

In short, factor everything you can into your analysis and use this wage calculator to compare your hourly and salary pay offers so you know which is the best offer to take.

Make Sure To Include These Benefits In Your Hourly/Salary Calculation

Below is a quick checklist of potential benefit packages to include in your calculation:

Personal leave (including vacation and sick leave)

401k/403b/pension/retirement plans

Health, dental, vision insurance

Profit sharing

Tuition reimbursement

Flexible schedule

Telecommuting

Cell Phone/laptop

Travel duties

Holidays

Life Insurance

Disability coverage

Stock options

Maternity/paternity leave

Compensation Time

Signing bonus

Company car

Relocation cost coverage

In Summary

In summary, there is a lot to factor in when comparing various job offers.

The concept is simple on the surface. Add all forms of compensation and benefits together then subtract all costs paid to earn that compensation. Finally, convert that net compensation number to an hourly rate by dividing it by the total hours required to earn that income.

If that sounds like a lot, this wage calculator makes the process point-and-click easy by including all factors so that you can conveniently reduce all that complexity to a single number for comparison.

I hope it helps you make a smart decision during your job hunt.

Term Definitions

Take Home Salary – The amount of pay leftover after taxes and other deductions.

Work Hours – How many hours you work per pay period.

Pay Period -Weekly, Bi-Weekly, Monthly?

Coffee Break / Lunch Break – How many minutes are you entitled for coffee and lunch break?

Travel Time – How many minutes do you need to travel from your home to your work place daily?

Disclaimer: Each calculator on this web site is believed to be accurate. However no guarantee is made to accuracy and the publisher specifically disclaims any and all liability arising from the use of this or any other calculator on this web site. Use at your own risk and verify all results with an appropriate financial professional before taking action. The information contained on this web site is the opinion of the individual authors based on their personal observation, research, and years of experience. The publisher and its authors are not registered investment advisers, attorneys, CPA’s or other financial service professionals and do not render legal, tax, accounting, investment advice or other professional services. The information offered by this web site is general education only. Because each individual’s factual situation is different the reader should seek his or her own personal adviser. Neither the author nor the publisher assumes any liability or responsibility for any errors or omissions and shall have neither liability nor responsibility to any person or entity with respect to damage caused or alleged to be caused directly or indirectly by the information contained on this site. Use at your own risk. Additionally, this website may receive financial compensation from the companies mentioned through advertising, affiliate programs or otherwise. Rates and offers from advertisers shown on this website change frequently, sometimes without notice. While we strive to maintain timely and accurate information, offer details may be out of date. Visitors should thus verify the terms of any such offers prior to participating in them. The author and its publisher disclaim responsibility for updating information and disclaim responsibility for third-party content, products, and services including when accessed through hyperlinks and/or advertisements on this site.

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